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FINRA Series 7

Category - Series 7

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The expiration date of a listed option is:

the last day of the expiration month
the third Saturday of the expiration month
the Saturday following the third Friday of the expiration month
the third Friday of the expiration month

Explanation

Answer: C - the Saturday following the third Friday of the expiration month. It is NOT the third Saturday. The final day to trade options is the third Friday of the expiration month. The options expire the next day.

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